Can we say welcome 1.56xx?
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Cable Update (GBPUSD)
- #188,442
- Dec 19, 2009 7:51am Dec 19, 2009 7:51am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Ok bro, just walking my way to the other side.
by the way to reply to GM. I sold at 1.61550 (you can see my call) with esit at 1.60489 wich is +70 pips. You can see I did hold it when it was moving up and after the move immediatelly started i said it's fake and that the up movement was deeply sold with big volume and will come down and indeed it did so, and you can see the big volume by adding a volume indicator and watch the bars on the friday's fast run up.
are u paying for yur feed..cause if yur not volume have nothing to do with it..
- #188,443
- Dec 19, 2009 7:55am Dec 19, 2009 7:55am
- Joined Aug 2009 | Status: THE GREAT LEGEND | 2,089 Posts
.and I replied with: at least try to explain how you trade Elliot Wave in range market.
Okay How To Trade With EW in RANGE MARKET!!!..
I just Make you very Normal At Least Compare to EWP BOOK or MWP Neo wave...
in Range Market
ELLIOTICIAN SEEK
ABC pattern Most Of the Time!!!
ABC comes Under
3-3-5
5-3-5
The Number Just Meant
abc abc 12345
3 Subdivision -3 Subdivision -5 Subdivision
12345 abc 12345
5 subdivision -3 subdivision -5 subdivision
And in Every Time in Meddle
Always Comes On 3 Subdivision
and in Last Come On 5 Subdivision
For Example see here
for more understanding You can TRY TO LEARN ELLIOT WAVE BY MY EW VIDEO
Inserted Video
cheer my good man
DRAGON-TECHNICAL ANALYSIS!
- #188,444
- Dec 19, 2009 7:56am Dec 19, 2009 7:56am
ok TheGabriel lets keep our knickers un-twisted here 
my simple point was that in a forum full of opinion and debate a post that is criticising a theory such as Elliot wave cannot be taken seriously if the poster begins and ends their critic by saying "I don't know anything about this subject".
Wether you are wrong or right is neither here nor there, your opinion has already been negated by yourself.
I'm sure you've got some great ideas and experiences in forex lets hear about stuff you do know.....
Btw I know nothing about Mr Elliot and his unbelievably complicated waves.
my simple point was that in a forum full of opinion and debate a post that is criticising a theory such as Elliot wave cannot be taken seriously if the poster begins and ends their critic by saying "I don't know anything about this subject".
Wether you are wrong or right is neither here nor there, your opinion has already been negated by yourself.
I'm sure you've got some great ideas and experiences in forex lets hear about stuff you do know.....
Btw I know nothing about Mr Elliot and his unbelievably complicated waves.
- #188,445
- Dec 19, 2009 7:59am Dec 19, 2009 7:59am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
though i would throw this end of day gu chart up
quadruple witching did not disappoint and gave max volatility both short and long.
right now we are in a downward channel , which is why I favour sells , even if you mess up and enter to early you can use wide stops to avoid taking any loss. , ie if selling at 1.6200 stop above channel at 6500 , just make sure it is not more than 10% of account ... worse that happens you lose 10 % and not all of your account. I must admit this week i had a few trades that got 60 to 70 pip dd but all closed in profit.
next week not sure what will happen .... the week leading into xmas .. we could see some form of sideways consolidation again 6050 to 6230 seems to be channel that may be forming now.
If for some reason the bottom of the channel breaks and the slope steepens hang on to your hats ... the move may have enough acceleration to take it thru that 5800 support zone.
quadruple witching did not disappoint and gave max volatility both short and long.
right now we are in a downward channel , which is why I favour sells , even if you mess up and enter to early you can use wide stops to avoid taking any loss. , ie if selling at 1.6200 stop above channel at 6500 , just make sure it is not more than 10% of account ... worse that happens you lose 10 % and not all of your account. I must admit this week i had a few trades that got 60 to 70 pip dd but all closed in profit.
next week not sure what will happen .... the week leading into xmas .. we could see some form of sideways consolidation again 6050 to 6230 seems to be channel that may be forming now.
If for some reason the bottom of the channel breaks and the slope steepens hang on to your hats ... the move may have enough acceleration to take it thru that 5800 support zone.
Blogging daily now at www.volume.zone
- #188,446
- Dec 19, 2009 8:00am Dec 19, 2009 8:00am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
ok TheGabriel lets keep our knickers un-twisted here
my simple point was that in a forum full of opinion and debate a post that is criticising a theory such as Elliot wave cannot be taken seriously if the poster begins and ends their critic by saying "I don't know anything about this subject".
Wether you are wrong or right is neither here nor there, your opinion has already been negated by yourself.
I'm sure you've got some great ideas and experiences in forex lets hear about stuff you do know.....
Btw I know nothing about...
"Hate the sin, love the sinner." - Gandhi
- #188,447
- Dec 19, 2009 8:01am Dec 19, 2009 8:01am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Ok bro, just walking my way to the other side
Hear the music before the song is over ...
- #188,448
- Dec 19, 2009 8:02am Dec 19, 2009 8:02am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #188,449
- Dec 19, 2009 8:04am Dec 19, 2009 8:04am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #188,451
- Dec 19, 2009 8:09am Dec 19, 2009 8:09am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
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i wish u luck my brother and will see u on the other side of the line..
look at GM..i tell i think there is no question about him being profitable..he has no urge to be in the market unless a setup exit..i would go as far as to say he maybe the most profitable trader in here..
GM good to see yur ass back!! ..merry christmas and happy new year my man
long time, no chat, huh...bro?
how are you?
Hear the music before the song is over ...
- #188,452
- Dec 19, 2009 8:14am Dec 19, 2009 8:14am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #188,453
- Dec 19, 2009 8:15am Dec 19, 2009 8:15am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
wassup my main man? everything hanging tight....LOL....?
long time, no chat, huh...bro?
how are you?
so i just reframe from posting..developing myself, practicing hidden dragon crouching tiger styles good to hear from u bro
- #188,454
- Dec 19, 2009 8:20am Dec 19, 2009 8:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I think there's a bit of mess here. Volume to me in forex is not the volume of money flow, by definition is the sum of number of ticks (so the price action) and my broker doesn't smooth the feed so I can get a decent tick volume, however I should pay for a better feed but at the end is still tick volume, not the money flow.
This is how i think. volume in fx = sum of ticks = more ticks means more volatility because of more money flow. It's really quite easy to see where bottoms are starting (wait for closed candle of course) and volume is being...
i heard somewhere, i read in the past that u need a feed which is compiled with volume so u can take it into account..best to ask malcomb as this is his area of expertise
its a paid service from what i understand
- #188,455
- Dec 19, 2009 8:25am Dec 19, 2009 8:25am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
this is likely directed at me ... nice trade I must admit.
good going .
reason I did not respond was to busy trading in gold futures ... those things were insane yesterday.
I must admit in a down trend on the daily i would not have the courage to hold a sell over the weekend. There is a lot of bad news coming out of the Euro zone and this could easily see a gap and crash any day now.
"Hate the sin, love the sinner." - Gandhi
- #188,456
- Dec 19, 2009 8:47am Dec 19, 2009 8:47am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hi GM
Good to see you back.
Tried to PM you to ask why you're not on DTs...
well...as you probably have noticed I post less frequently and as such I figured if I do post, then I post 'em here and you guys would definitely know of them...
Of course there is always opposing views in the market, my point was that there is a right way to make them known and there is...well...not a right way....
anyway...
I wish you all the best as well!
Hear the music before the song is over ...
- #188,457
- Dec 19, 2009 9:04am Dec 19, 2009 9:04am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
just chillin bro..sometimes like u seeing this thread, just aint worth the pain
good to hear from u bro
keep practicing that style, my friend, 'cause, as know, that's
the "Real Style"....lol....and remember to always keep the dragon hidden from the crouching tiger....
good to hear from u too bro...
Hear the music before the song is over ...
- #188,459
- Dec 19, 2009 9:21am Dec 19, 2009 9:21am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
keep practicing that style, my friend, 'cause, as know, that's
the "Real Style"....lol....and remember to always keep the dragon hidden from the crouching tiger....
good to hear from u too bro...
rodger that!!
have a good one bro!
- #188,460
- Dec 19, 2009 9:44am Dec 19, 2009 9:44am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
i heard somewhere, i read in the past that u need a feed which is compiled with volume so u can take it into account..best to ask malcomb as this is his area of expertise
its a paid service from what i understand
some mt4 like ibfx have ok feeds as they are interbank tick volume/
I use esignal 300 source gtis feed combined into 1
eisgnal is subscribed , but it pays for itself each month
Blogging daily now at www.volume.zone